Modification of Certain Agreements. Holdings and the Borrowers will not, and will not permit any of their respective Subsidiaries to, consent to any amendment, supplement, waiver or other modification of, or enter into any forbearance from exercising any rights with respect to the terms or provisions (i) of any of the Subordinated Debt, other than any amendment, supplement, waiver or modification for which no fee is payable to the holders of such Subordinated Debt and which (x) extends the date or reduces the amount of any required repayment, prepayment or redemption of the principal of such Subordinated Debt, (y) reduces the rate or extends the date for payment of the interest, premium (if any) or fees payable on such Subordinated Debt or (z) makes the covenants, events of default or remedies in respect of such Subordinated Debt less restrictive on the obligors thereunder, or (ii) any of the other Material Transaction Documents other than any amendment, supplement, waiver or modification which would not impair, or in any manner be adverse to, the right, interests or obligations of any Secured Party under any Loan Document or (iii) any Organic Document of Holdings, each Borrower or any of their respective Subsidiaries, other than any amendment, supplement, waiver or modification which would not impair, or in any manner be adverse to, the rights, interests or obligations of any Secured Party under any Loan Document.
Appears in 4 contracts
Samples: Credit Agreement (Associated Materials Inc), Credit Agreement (AMH Holdings, Inc.), Credit Agreement (AMH Holdings, Inc.)
Modification of Certain Agreements. Holdings and Without the Borrowers prior written consent of the Required Lenders, no Credit Party will notamend, and will not permit any of their respective Subsidiaries tomodify, supplement, waive or otherwise change, or consent or agree to any amendment, modification, supplement, waiver or other modification ofchange to, or enter into any forbearance from exercising any rights with respect to the terms or provisions contained in:
(ia) of any of the Subordinated Debt, Debt Document (other than any amendment, modification, supplement, waiver or modification other change for which no fee is payable to the holders of such the Subordinated Debt Indebtedness and which that (xi) extends the date maturity or reduces the amount of any required repayment, prepayment or redemption of the principal of such Subordinated DebtIndebtedness, (yii) reduces the rate or extends the any date for payment of the interest, premium (if any) or fees payable on such Subordinated Debt Indebtedness or (ziii) makes the covenants, events of default or remedies in respect of such Subordinated Debt Documents less restrictive on the obligors thereunder, or any applicable Credit Party);
(iib) any of the other Material Transaction Documents terms of any preferred Equity Interests of the Credit Parties (other than any such amendment, modification, supplement, waiver or modification other change for which would not impair, no fee is payable to the holders of such preferred Equity Interests and that (i) extends the scheduled redemption date or in any manner be adverse to, reduces the right, interests or obligations amount of any Secured Party under any Loan Document scheduled redemption payment or (iiiii) reduces the rate or extend any date for payment of dividends thereon); or
(c) any Organic Document of Holdings, each Borrower Credit Party’s Organizational Documents in a manner adverse to the Administrative Agent or any of their respective Subsidiaries, other than any amendment, supplement, waiver or modification which would not impair, or in any manner be adverse to, the rights, interests or obligations of any Secured Party under any Loan DocumentLender.
Appears in 2 contracts
Samples: Credit Agreement (Eastern Co), Credit Agreement (Eastern Co)
Modification of Certain Agreements. Holdings and Without the Borrowers prior written consent of the Required Lenders, no Credit Party will notamend, and will not permit any of their respective Subsidiaries tomodify, supplement, waive or otherwise change, or consent or agree to any amendment, modification, supplement, waiver or other modification ofchange to, or enter into any forbearance from exercising any rights with respect to the terms or provisions contained in:
(ia) any Subordinated Debt Document (other than in accordance with the terms of any of the Subordinated Debt, applicable subordination agreement and other than any amendment, modification, supplement, waiver or modification other change for which no fee is payable to the holders of such the Subordinated Debt Indebtedness and which that (xi) extends the date maturity or reduces the amount of any required repayment, prepayment or redemption of the principal of such Subordinated DebtIndebtedness, (yii) reduces the rate or extends the any date for payment of the interest, premium (if any) or fees payable on such Subordinated Debt Indebtedness or (ziii) makes the covenants, events of default or remedies in respect of such Subordinated Debt Documents less restrictive on the obligors thereunder, or any applicable Credit Party);
(iib) any of the terms of any preferred Equity Interests of the Credit Parties (other Material Transaction Documents than in accordance with the terms of any applicable subordination agreement and other than any such amendment, modification, supplement, waiver or modification other change for which would not impairno fee is payable to the holders of such preferred stock and that (i) extends the scheduled redemption date or reduces the amount of any scheduled redemption payment or (ii) reduces the rate or extend any date for payment of dividends thereon); or
(c) any Credit Party’s Organizational Documents, the Tax Receivables Agreement or the Exchange Agreement, in each case, in any manner be materially adverse to, to the right, interests or obligations of any Secured Party under any Loan Document or (iii) any Organic Document of Holdings, each Borrower or any of their respective Subsidiaries, other than any amendment, supplement, waiver or modification which would not impair, or in any manner be adverse to, Administrative Agent and the rights, interests or obligations of any Secured Party under any Loan DocumentLenders.
Appears in 2 contracts
Samples: Credit Agreement (Purple Innovation, Inc.), Credit Agreement (Purple Innovation, Inc.)
Modification of Certain Agreements. Holdings and the Borrowers Borrower will not, and will not permit any of their respective Subsidiaries to, consent to any amendment, supplement, waiver or other modification of, or enter into any forbearance from exercising any rights with respect to the terms or provisions (i) of any of the Subordinated Debt, other than any amendment, supplement, waiver or modification for which no fee is payable to the holders of such Subordinated Debt and which (x) extends the date or reduces the amount of any required repayment, prepayment or redemption of the principal of such Subordinated Debt, (y) reduces the rate or extends the date for payment of the interest, premium (if any) or fees payable on such Subordinated Debt or (z) makes the covenants, events of default or remedies in respect of such Subordinated Debt less restrictive on the obligors thereunder, or (ii) any of the other Material Transaction Documents other than any amendment, supplement, waiver or modification which would not impair, or in any manner be adverse to, the right, interests or obligations of any Secured Party under any Loan Document or (iii) any Organic Document of Holdings, each the Borrower or any of their respective Subsidiaries, other than any amendment, supplement, waiver or modification which would not impair, or in any manner be adverse to, the rights, interests or obligations of any Secured Party under any Loan Document.
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Modification of Certain Agreements. Holdings and the Borrowers Borrower will not, and will not permit any of their respective Subsidiaries to, consent to any amendment, supplement, waiver or other modification of, or enter into any forbearance from exercising any rights with respect to the terms or provisions contained in, (i) of any of the Subordinated DebtDebt Documents, other than any amendment, supplement, waiver or modification for which no fee is payable to the holders of such the relevant Subordinated Debt and which (x) extends the date or reduces the amount of any required repayment, prepayment or redemption of the principal of such Subordinated Debt, (y) reduces the rate or extends the date for payment of the interest, premium (if any) or fees payable on such Subordinated Debt or (z) makes the covenants, events of default or remedies in respect of such Subordinated Debt Documents less restrictive on the obligors thereunder, or (ii) any of the other Material Transaction Documents other than any amendment, supplement, waiver or modification which would not impair, or in any manner be adverse to, the right, interests or obligations of any Secured Party under any Loan Document or (iii) any Organic Document of Holdings, each the Borrower or any of their respective Subsidiaries, other than any amendment, supplement, waiver or modification which would not impair, or in any manner be adverse to, the rights, interests or obligations of any Secured Party under any Loan Document.
Appears in 1 contract
Modification of Certain Agreements. Holdings and the Borrowers will Borrower shall not, and will shall not permit any of their respective Subsidiaries to, consent to any amendment, supplement, waiver or other modification of, or enter into any forbearance from exercising any rights with respect to the terms or provisions contained in, (i) of any of the Subordinated DebtDebt Documents, other than any amendment, supplement, waiver or modification for which no fee is payable to the holders of such the relevant Subordinated Debt and which (x) extends the date or reduces the amount of any required repayment, prepayment or redemption of the principal of such Subordinated Debt, (y) reduces the rate or extends the date for payment of the interest, premium (if any) or fees payable on such Subordinated Debt Documents or (z) makes the covenants, events of default or remedies in respect of such Subordinated Debt Documents less restrictive on the obligors thereunder, or (ii) any of the other Material Transaction Documents other than any amendment, supplement, waiver or modification which would not impair, or in any manner be adverse to, the right, interests or obligations of any Secured Party under any Loan Document or (iii) any Organic Document of Holdings, each Borrower or any of their respective Subsidiaries, other than any amendment, supplement, waiver or modification which would not impair, or in any manner be adverse to, the rights, interests or obligations of any Secured Party Lender under any Loan Document.
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Modification of Certain Agreements. Holdings and the Borrowers each Borrower will not, and will not permit any of their respective Subsidiaries to, consent to any amendment, supplement, waiver or other modification of, or enter into any forbearance from exercising any rights with respect to the terms or provisions contained in,
(ia) of any of the Subordinated DebtSecond-Lien Document, other than any amendment, supplement, waiver or modification for which no fee (i) is payable to not prohibited by the holders Intercreditor Agreement, (ii) extends the date or reduces the amount of any required repayment, prepayment or redemption of the principal of such Subordinated Indebtedness under the Second-Lien Credit Agreement, (iii) reduces the rate or extends the date for payment of the interest, premium (if any) or fees payable on such Indebtedness or (iv) makes the covenants, events of default or remedies relating to such Indebtedness less restrictive on the Borrowers;
(b) the Sub Debt and Documents, other than any amendment, supplement, waiver or modification which (xi) extends the date or reduces the amount of any required repayment, prepayment or redemption of the principal of such Subordinated Debt, (yii) reduces the rate or extends the date for payment of the interest, premium (if any) or fees payable on such Subordinated Debt or (ziii) makes the covenants, events of default or remedies in respect of such Subordinated Sub Debt Documents less restrictive on the obligors thereunder, or applicable Obligor; or
(iic) any of the other Material Transaction Documents other than any amendment, supplement, waiver or modification which would not impair, or in any manner be adverse to, the right, interests or obligations of any Secured Party under any Loan Document or (iii) any Organic Document of Holdings, each Borrower or any of their respective Subsidiaries, other than any amendment, supplement, waiver or modification which would not impair, or in any manner be adverse to, the rights, interests or obligations of any Secured Party under any Loan DocumentDocuments.
Appears in 1 contract
Samples: Credit Agreement (WRC Media Inc)